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Ball Intends to Cease Production at its Beverage Packaging Facilities in Recklinghausen, Germany

BROOMFIELD, Colo., March 2, 2017 /PRNewswire/ -- Ball Corporation (NYSE: BLL) announced today that it intends to cease production at the company's Recklinghausen, Germany, facilities at the end of July 2017 and only after due negotiation and agreement with the Works Council. Customers currently supported by the Recklinghausen beverage container and end plants will be supplied by other Ball facilities in Europe.

"Given the regional market environment, we need to ensure that we remain cost competitive for the long term," said Colin Gillis, President, Ball Beverage Packaging Europe. "While closing plants is always difficult, our goal is safeguarding the long-term success of the business for all of our stakeholders, including our 3,900 employees in Europe."

The Recklinghausen site opened in 1968. The beverage can and end facilities employ approximately 360 people. Ball intends to carry out the proposed closure in a respectful and socially acceptable way, and to support employees through various measures.

About Ball Corporation
Ball Corporation supplies innovative, sustainable packaging solutions for beverage, food and household products customers, as well as aerospace and other technologies and services primarily for the U.S. government. Ball Corporation and its subsidiaries employ 18,450 people worldwide and 2016 net sales were $9.1 billion. For more information, visit www.ball.com, or connect with us on Facebook or Twitter.

Forward-Looking Statements
This release contains "forward-looking" statements concerning future events and financial performance. Words such as "expects," "anticipates," "estimates," "believes," "targets," "likely" and similar expressions typically identify forward-looking statements, which are generally any statements other than statements of historical fact. Such statements are based on current expectations or views of the future and are subject to risks and uncertainties, which could cause actual results or events to differ materially from those expressed or implied. You should therefore not place undue reliance upon any forward-looking statements and any of such statements should be read in conjunction with, and, qualified in their entirety by, the cautionary statements referenced below. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Key factors, risks and uncertainties that could cause actual outcomes and results to be different are summarized in filings with the Securities and Exchange Commission, including Exhibit 99 in our Form 10-K, which are available on our website and at www.sec.gov. Additional factors that might affect: a) our packaging segments include product demand fluctuations; availability/cost of raw materials; competitive packaging, pricing and substitution; changes in climate and weather; competitive activity; failure to achieve synergies, productivity improvements or cost reductions; mandatory deposit or other restrictive packaging laws; customer and supplier consolidation, power and supply chain influence; changes in major customer or supplier contracts or a loss of a major customer or supplier; political instability and sanctions; currency controls; and changes in foreign exchange or tax rates; b) our aerospace segment include funding, authorization, availability and returns of government and commercial contracts; and delays, extensions and technical uncertainties affecting segment contracts; c) the company as a whole include those listed plus: changes in senior management; regulatory action or issues including tax, environmental, health and workplace safety, including U.S. FDA and other actions or public concerns affecting products filled in our containers, or chemicals or substances used in raw materials or in the manufacturing process; technological developments and innovations; litigation; strikes; labor cost changes; rates of return on assets of the company's defined benefit retirement plans; pension changes; uncertainties surrounding geopolitical events and governmental policies both in the U.S. and in other countries, including the U.S. government elections, budget, sequestration and debt limit; reduced cash flow; ability to achieve cost-out initiatives and synergies; interest rates affecting our debt; and successful or unsuccessful acquisitions and divestitures, including with respect to the Rexam PLC acquisition and its integration, or the associated divestiture; the effect of the acquisition or the divestiture on our business relationships, operating results and business generally.

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/ball-intends-to-cease-production-at-its-beverage-packaging-facilities-in-recklinghausen-germany-300416752.html

SOURCE Ball Corporation

Investor Relations: Ann T. Scott, 303-460-3537, ascott@ball.com or Media Contacts: Renee Robinson, 303-460-2476, rarobins@ball.com or Elisabeth Tanguy, +44-1582-408-827, elisabeth.tanguy@ball.com

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